Masdar, Kyrgyzstan Continue Talks On Expanding Renewable Energy Projects (Exclusive)
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 7. The discussions
between the Ministry of energy of Kyrgyzstan and Masdar on further
renewables exploration are ongoing, Maryam Al Mazrouei, Head of
Development and investment (CIS) at Masdar, told Trend .
"In Kyrgyzstan, we are very active in hydropower and are also
working on solar projects. We have a program with them for 1 GW,
starting with the first phase of a solar PV project. Discussions
with the Kyrgyz Ministry of Energy are ongoing," she said.
Maryam Al Mazrouei reminded that, last year, Masdar signed an
agreement with the Kyrgyz government alongside EDF for the
development of hydropower in Kyrgyzstan. "Discussions with the
government are ongoing. As you might know, developing hydropower
takes longer than solar and wind projects. However, we are
conducting the necessary studies, and hopefully, it will come to
fruition. The timeline will depend on the progress of our
discussions with the Kyrgyz government".
The company rep pointed out that, in general, Masdar is very
active in Central Asia. "Particularly in Uzbekistan, where we have
Masdar's largest portfolio in the region. Azerbaijan comes second,
with projects amounting to 1.2 GW, including a 230 MW project. We
are also active in Kazakhstan, where we have signed agreements for
1 GW and have started with 500 MW onshore. Additionally, we are
developing a 100 MW solar project in Georgia".
Meanwhile, in December 2023, the Ministry of Energy of
Kyrgyzstan, Masdar, and EDF signed a trilateral memorandum of
understanding. This agreement includes plans to construct a solar
power plant in the Issyk-Kul region. President Sadyr Zhaparov
emphasized that Kyrgyzstan will provide all necessary support to
ensure the successful implementation of the memorandum's terms.
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